10 best tips on how to save money year 2022

While you may not have control over the economy, you do have control over the actions that you take in your daily life.
These are 10 ways to manage your finances,

A) Keep track of your spending as long as you know where your money is going, it is then neccessary to adjust your spending behaviors.

B) Try using BALANCE's Fritter Finder form for a week or two to find out where your money is going.

C) Separate wants from IMPORTANT daily life needs.

D) When money is tight it should not be spent unless absolutely necessary.

D) Avoid using credit to pay your bills because using credit only increases your monthly payments in the future.

E) Save regularly by having some of your paycheck directly deposited into your savings account or set up an automatic transfer each month from your checking to your savings account.

F) Review your insurance coverage for all your plans. You may have too much and be wasting money or too little and not be adequately covered.

G) Be careful about spending a significant amount of money on periodic purchases, like gifts and vacation. While you may feel good while you are spending the money, you may wish you had the money later.

H) Try lowering your energy bill. Turn off appliances and lights when they are not needed. Purchase energy-efficient light-bulbs. When you can, use a fan instead of air conditioning or put on a sweater instead of turning on the heat.

I) Consider signing up for online bill payment. Not only will you save on stamps, but you can make sure your payments are received on time.

J) Cut down on take-out ordering. Even if the meal is not expensive, doing it frequently can really add up. A $10 pizza once a week will cost you over $500 a year!

K) Always put first things first like essential daily needs that can not be left out and reduce on extra spending.